Managers See Japan as a Hold
As Economy Still Struggles

By

Pui-Wing Tam Staff Reporter of The Wall Street Journal

Updated Dec. 23, 1996 12:01 a.m. ET

The land of the rising sun is still falling on the buy lists of many Asian money managers.

"Deregulation isn't going to be easy and there isn't much improvement in the underlying economy, so Japan's market won't take off," says Christopher Vale, a director at Kleinwort Benson Investment Management Pacific Ltd. and a participant in this week's asset-allocation panel.